Endowment funds support a variety of programs and projects in the areas of student awards and bursaries, chairs, professorships, visiting speakers, research and many other activities. Endowment capital is invested in perpetuity with a portion of the investment earnings used to support specific university purposes. University endowments create a charitable purpose trust designed to support the advancement of education; they are held by the Board of Governors of the university as trustee and not in its own right. For investment and management purposes, endowments are pooled. Intergenerational equity requires that the University Endowment Pool (UEP) be managed with the objective of ensuring that the same level of support, after taking into account the impact of inflation, is provided each year to the endowment’s purpose.
Last updated: March 2018